Wednesday, August 17, 2022
North America

  • Membership Collective Group shares took it on the chin today, announcing 2Q results on a day when investors were not in the mood for anything.
  • Host Hotels’ price target was raised to $20 by Citigroup.
  • Baird issued a bullish report on Apple Hospitality REIT but removed the Bullish Fresh Pick designation as shares have increased 18% since their positive call in late June.

The DJIA fell 172 points while Nasdaq was down 164, the S&P 500 fell 31 points and the 10 year treasury yield was up .07 to 2.89%. Lodging stocks were lower. SOND plunged -26%, while MCG was down -16%, VCSA was down -8% and AHT was down -6%. SOHO was up another 5%. Membership Collective Group shares took it on the chin […]